HUGO BOSS has introduced NovaPoly, a groundbreaking recycled polyester yarn designed to reduce the environmental impact of fashion, particularly addressing the growing concern of microplastic pollution. Created in collaboration with Jiaren Chemical Recycling and NBC LLC, NovaPoly is made from textile waste sourced from both clot...
Chestnut Carbon’s 17 Million Trees Mark Major Milestone in U.S. Afforestation Project
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Decarbonization
Chestnut Carbon has achieved a significant environmental milestone by planting over 17 million trees across 30,000 acres in the Southeastern U.S., marking the largest afforestation project in the country listed on the prestigious Gold Standard® registry. This monumental effort, which began in 2022, has now been verified as the f...
Sustainable Investing Surge: 88% of Global Investors Show Interest, Led by Gen Z and Millennials
A new report from Morgan Stanley reveals that sustainable investing continues to gain significant traction worldwide, with 88% of global investors expressing interest in sustainable investment opportunities. This widespread enthusiasm is especially pronounced among younger generations, with 99% of Gen Z and 97% of Millennials le...
Syre Raises $100M to Scale Textile Recycling, Secures $600M Deal with H&M
Syre, a leading textile recycling startup, has raised $100 million in Series A funding to accelerate its mission of decarbonizing the textile industry. The Sweden-based company focuses on scaling textile-to-textile polyester recycling to reduce the industry’s reliance on virgin polyester, a material that accounts for 80% of synt...
RBC Pulls $500B Climate Pledge Amid Greenwashing Crackdown
Royal Bank of Canada (RBC), the country’s largest lender, has abruptly withdrawn its $500 billion sustainable finance commitment, citing regulatory uncertainty and the growing legal risks tied to greenwashing under Canada’s newly amended Competition Act. The shift, confirmed in RBC’s 2024 Sustainability Report, reflect...
Tax Executives Brace for Increased Disclosure and Sustainability Demands, Deloitte Survey Finds
A new survey from Deloitte reveals that tax executives worldwide are navigating increasing pressure from both regulatory changes and digital transformation. With sustainability concerns rapidly rising, 82% of tax professionals anticipate a surge in public tax disclosure requirements over the next two to three years. This reflect...